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Georgia

Monkey Wrench Brewing

About Documents
59%
$58,641 Funded
$100,000 Target
3 days Time Left
29 Investors
$50,000 Min. Raise
$150,000 Max. Raise
60 mo. Term Length
9.0% Interest Rate
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Overview

Monkey Wrench Brewing is a production microbrewery with a taproom and large outdoor beer garden. We offer a fun atmosphere, great craft beers, and space for birthday parties, corporate events, weddings, and rehearsal dinners. Monkey Wrench Brewing Company handcrafts our beers in 3 barrel (90-gallon batches) and are expanding to a 20 barrel (600 gallon) system. We will start by selling in our local county and the downtown Atlanta area. Next year, we will expand statewide. Florida and Tennessee are the next target states.

Our cool vibe decorated taproom, outdoor spacious 6,400 sq. ft. beer garden and large warehouse allows us to host a number of events including live music, art showings, corporate meetings, birthday parties, puppy adoptions and training, holiday parties, comedy nights, cornhole leagues and tournaments, car shows, weddings, rehearsal dinners, plant pop-ups, board game nights, and class reunions.

We also host a number of food trucks at the brewery, offer beer and food pairings, brewery tours, and soon will offer distillery tours! Our events schedule will be a big revenue stream for us throughout the year, and especially during the holiday season. 

We are raising $150,000 at a 9% interest rate, paid over a 60-month term! 

"Wrench it up a notch!"

 

The Project

Monkey Wrench Brewing is on our way to making some great cocktails with our new distillery! We have our City of Suwanee license, Federal TTB license, and our system is on order. Our Craft Whisky, Rum, Vodka, and Gin drinks are going to be delicious.

Plus we are growing and expanding from our 3 BBL 90 gallon brewing system to our 20 BBL 600 gallon 4 vessel steam system which will allow us to make a ton more beer and sell through distribution to Publix, Kroger, restaurants, and package stores.

  • Distillery System - $72,500
  • Second Bar in Warehouse - $17,500
  • Event Space Buildout - $15,000
  • Additional Operating Capital - $45,000

 

Monkey Wrench is looking to add a distilling line to the business!

 

Business

History

Wayne's homebrew friends from New London Brew Club helped him build a 10-gallon all-grain RIMS brewing system in 2009.

Fast forward to 2011 – Tennis hobby vs. home brewing! I returned a backhand return of serve in the summer of 2011 and somehow tore ligaments in my right wrist. I played for a while & then gave into surgery and wore a cast for 3 months & discovered how to do a ton of things as a lefty:) I went back to home brewing on Saturdays instead of playing tennis and made brewing my main hobby and then used my college Marketing Degree experience to start Monkey Wrench Brewing! It is time to serve up some great IPA’s, Seasonal & Belgium Brews for our devoted craft friends!

Monkey Wrench Brewing has worked on our social media program for the past 5 plus years. Our social media followers are growing every day! We have approximately 4,000 followers on Facebook and over 2,000 on Instagram. 1,800 plus fans have signed up for our weekly newsletter to get information on new beers and events before anyone else. We have outstanding reviews on our beers and taproom on Google that have earned us 4.8/5 stars. We are also rated highly on a beer rating app called Untappd at 3.82.

Monkey Wrench Brewing offers up to 15 rotating beers on tap. Come to the taproom and try them all!

 

Future

Monkey Wrench Brewing will be very active in on-premise and off-premise account sales with tap take-overs and promotions, as we tell our story and get the consumer excited about our beers. Expansion plans for Monkey Wrench Brewing include local distribution to retail stores in GA 2021. When capacity increases we will expand to TN and FL.

Come out and compete at one of Monkey Wrench Brewing's corn hole tournaments!

 

About the Owner

Wayne Baxter

Wayne has won numerous homebrew awards for his beers. He established a following for our brand by attending over 50 beer festivals where we gave away stickers and merchandise. He also did his homework by attending 6 National Craft Beer Conferences and interviewing and networking with over 250 breweries with personal visits.

Brewing has been a serious passion of Wayne's for over 20 years and there is no stopping now!

 

Wayne's drive and marketing background allowed him to turn his homebrew hobby turned into a full-fledge brewery! 

 

Investor Testimonials

 

Deal Summary

 

 Issuer

 Monkey Wrench Brewing Company LLC

 Doing Business As

 Monkey Wrench Brewing Company

 Security Type

 Secured Loan

 Loan Purpose

 Purchase equipment, event space buildout

 Offering Amount

 $50,000 - $150,000

 Interest Rate

 9.00%

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 60 months

 Personal Guaranty  

 David Wayne Baxter

 Security Interest

 Purchase money lien on equipment to be purchased

 Offered Portal 

 Honeycomb Portal LLC

 Offering Type

 Reg CF

 

Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to Monkey Wrench Brewing Company LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

 Investment Amount   One-Time Fee 

 Potential Quarterly

 Return: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85   $6.23   $124.55
 $500  $14.25   $31.14   $622.75
 $1,000  $28.50   $62.28   $1,245.50
 $5,000  $37.25   $311.38   $6,227.50
$10,000  $37.25   $622.75   $12,455.01

Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest; they do not include the one-time fee which is assessed when you make your investment. There are no prepayment penalties and Monkey Wrench Brewing Company LLC may pay down their loan early, which may impact your earnings potential. Please note: returns are not guaranteed and investors could lose some or all of their investment.

Monkey Wrench Brewing Company LLC pays as agreed. You will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the administrative agent to manage the collections process on the investors' behalf.

 

How Honeycomb is Compensated

Honeycomb charges Monkey Wrench Brewing Company LLC a $250 posting fee and a 6.0 - 7.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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